- Shiba Inu (SHIB) price bounces 7% daily, testing key support near $0.000012
- Increased SHIB burn rate (+30%) & rising Shibarium TVL ($2.5M) noted
- Analysts eye potential rally toward $0.000033 resistance if current support holds
Shiba Inu Coin (SHIB) is experiencing an uptick in its price today. The meme coin is up by more than 7% and is trading at $0.00001288. After a tough start to the year, meme coins are showing signs of a comeback. Since the beginning of 2025, the meme coin market has been struggling, with the total market cap falling over 50% from its peak at the end of 2024.
Dogecoin (DOGE), the biggest meme coin by market cap, has dropped around 20% in the past month, and other coins like FLOKI and PEPE have also taken a hit. However, DOGE has gained 7% in the past 24 hours, indicating a shift in momentum after a tough period. The recent gains show that the market sentiment is turning around.
An X (formerly Twitter) user has shared an interesting Shiba Inu chart, hinting at a possible “second wave” pump for SHIB. The chart suggests the market appears to be rising from the recent dip, causing excitement among investors.
Relat…
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